Cost of living in New Hope, AL

New Hope is a Census city in Madison County, AL. ACS 2024 5-year population is 2,911. Median gross rent is $1,075 (ACS 2024 5-year, this place). Median home value is $163,700. Median household income is $83,816. Insurance is the NAIC state average; food is a USDA plan — no town indexes.